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Latest News BREAKING! DSS disperses protesters demanding Sowore’s release Pastor regains freedom after seven months in Boko Haram custody Kidnappers kill businessman after collecting ransom 130 soldiers face court martial in Borno Ex-Governor’s aide escapes assassination NCP, Katsina Governor trade words over ‘bribe’ for judge Bayelsa guber: Gladiators who’ll shape poll Community protests alleged land racketeering in Enugu Nigerians have fifth worst average life expectancy of 55 years: Report Ex-British intelligence officer found dead in the street South East Miyetti Allah Chairman to members: Pray for continued peace with host communities David-West’s death painful — Obi •Says he served Nigeria and humanity to the best of his ability

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,356 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,613 views) Shameless Genevieve Nnaji exposes breasts in public (400,572 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,578 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (302,977 views) 10 cars more expensive than Jets (278,996 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,366 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,470 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (237,983 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,303 views) Lagos plane crash: Journalist releases victims’ names (200,950 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,804 views)

 

Twitter CEO, Okonjo Iweala advocate youth employment via social media

Twitter CEO, Okonjo Iweala advocate youth employment via social media The Chief Executive Officer of Twitter, Mr Jack Dorsey and the former Minister of Finance, Ngozi Okonjo Iweala on Monday urged Nigerian youth to take advantage of various social media platforms to create jobs for themselves. They made the assertions at the African University of Science and Technology, Abuja, during a...... more

Oil will not save Nigeria — Obi

Oil will not save Nigeria — Obi Vice-Presidential Candidate of the Peoples Democratic Party (PDP) during the 2019 elections, Mr. Peter Obi, has advised Nigerians to look beyond oil for the economic salvation of their country. Obi gave the advice while delivering the keynote address to over 2,000 youths of the Centre for Strategic Leadership and Youth Orientation...... more

Economic diversification: Fayemi, Minister seek stakeholders’ buy-in for mining sector

Economic diversification: Fayemi, Minister seek stakeholders’ buy-in for mining sector Ekiti State Governor, Dr. Kayode Fayemi, and the Minister for Mines and Steel Development, Arc. Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of the economic opportunities in the nation’s mining sector. Speaking in Ado Ekiti at the closing session of the third edition of the National Council on...... more

Nigeria, Russia to sign agreement on pre-paid metres production

Nigeria, Russia to sign agreement on pre-paid metres production The Abuja Chamber of Commerce and Industry (ACCI), on Friday said that Nigeria and Russia would sign a Memorandum of Understanding on production of pre-paid meter to bridge the gap that currently exists in the sector. President of ACCI, Adetokunbo Kayode said that the agreement would be between Russian electrotechnical company,...... more

NCC to push for data price slash, halt illegal deductions

NCC to push for data price slash, halt illegal deductions The Nigerian Communications Commission (NCC) says it is working to resolve and implement the Federal Government’s directive on the challenges of illegal data deductions and to review the cost of data downward in the country. Mrs Uwa Suleiman, Spokesperson to the Communication Minister, Dr Isa Pantani, said in a statement issued...... more

Crowds besiege Konga Store on Victoria Island for pre-Konga Yakata experience

Crowds besiege Konga Store on Victoria Island for pre-Konga Yakata experience Bargain-hungry Nigerians have besieged the new Konga retail store located on Saka Tinubu Street, Victoria Island (VI), Lagos, for a taste of the pre-Konga Yakata shopping experience. The crowd which came out in their numbers was eager to be the first to get their hands on the amazing price slashes and...... more

Tiamin Rice invests $13.4m to boost capacity to 1,520 tonnes per day

Tiamin Rice invests $13.4m to boost capacity to 1,520 tonnes per day Tiamin Rice Mill Limited has invested a total of $13.4 million to boost its production capacity from the current 320 tonnes to 1,520 tonnes per day. The Managing Director of the company, Aminu Ahmed, disclosed this when he led the management of the company to pay a courtesy call on the...... more

Lagos presents N1.168trn 2020 Budget, over 11% of nation’s budget

Lagos presents N1.168trn 2020 Budget, over 11% of nation’s budget Lagos State Governor, Babajide Sanwo-Olu on Friday presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval for the 2020 fiscal year. The proposal represent 11.3 per cent of the proposed 2020 budget of the entire country which is put at 10.22 trillion. The proposed budget...... more

Reps to investigate alleged non-repayment of $7bn foreign reserves

Reps to investigate alleged non-repayment of $7bn foreign reserves The House of Representatives says it will investigate the alleged non-repayment of seven billion dollars from the country’s foreign reserves, disbursed to 14 global asset managers and 14 banks by the Central Bank of Nigeria since 2006. The House on Thursday resolved to investigate the matter, after a motion sponsored by...... more

Christo Wiese looms large over Shoprite discord

Christo Wiese looms large over Shoprite discord Shoprite CEO Pieter Engelbrecht is doing remarkably well with the extremely difficult situation facing the group. It’s not just that the SA economy is struggling through the toughest conditions in decades, trading in the rest of Africa has been hit by the consequences of weak commodity prices, forcing management to implement...... more

Border closure not targeted at Igbo importers — Customs

Border closure not targeted at Igbo importers — Customs The Nigeria Customs Services (NCS) on Thursday, in Aba, the commercial nerve of Abia State debunked rumours making rounds that the joint border security exercise codenamed “Exercise Swift Response” was targeted at importers and exporters of various goods from the Southeast using the land borders. This is even as the NCS...... more

Customs stops fuel supply to filling stations around Nigerian borders

Customs stops fuel supply to filling stations around Nigerian borders The Nigeria Customs Service (NCS) has suspended the supply of petroleum products to filling stations within 20 kilometres of all the nation’s borders. The NCS made this known in a circular signed by its Deputy Comptroller-General, Enforcement, Inspection and Investigation (EII), Chidi Augustine in Abuja on Thursday News Agency of Nigeria...... more

Cooking gas marketers raise alarm over 75% price hike

Cooking gas marketers raise alarm over 75% price hike Marketers of Liquefied Petroleum Gas (LPG), under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), have raised alarm over indiscriminate hike in the price of the product by 75 per cent in the last two weeks. Executive Secretary of the association, Mr Bassey Essien, raised the alarm on...... more

Asaba Airport concession to generate N100m annually — Okowa

Asaba Airport concession to generate N100m annually — Okowa Delta State Governor,  Ifeanyi Okowa, said on Wednesday, that the concession of Asaba Airport would generate N100 million for the state annually. The governor stated this while presenting the 2020 appropriation bill of N389 billion to the state House of Assembly in Asaba, the state capital. He commended the Assembly for...... more

Nigeria lost $41.9bn to crude, products theft in 10 years — NEITI

Nigeria lost $41.9bn to crude, products theft in 10 years — NEITI Nigeria Extractive Industries Transparency Initiative (NEITI) on Wednesday made a startling revelation that Nigeria lost a whopping $41.9 billion to crude oil and refined petroleum products theft in the last 10 years. It said Nigeria loses an average of $11million daily which translates to $349 million in a month and about...... more

How African farmers can tap into billion-dollar agro-business chain — Experts

How African farmers can tap into billion-dollar agro-business chain — Experts Attempts at making agribusiness to become a one-trillion dollar industry in Africa by 2030 should evolve a revolution that has to take place in the sector on the continent, A panel session at the African Economic Congress in Abuja, on Tuesday, stated this at the conclusion of the assembly. The session...... more

Total to sell stake in major Nigerian offshore block

Total to sell stake in major Nigerian offshore block Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion. The stake in Oil Mining Lease (OML) 118, which is located some 120 kilometers...... more

Mining Ministers, Commissioners, stakeholders storm Ekiti for Council on Mining and Minerals Resources Devt

Mining Ministers, Commissioners, stakeholders storm Ekiti for Council on Mining and Minerals Resources Devt No fewer than 3,000 critical stakeholders in the mining sector, drawn from the 36 states in Nigeria will converge on Ado-Ekiti, Ekiti State capital, during the week as the third edition of the National Council on Mining and Mineral Resources Development (NCMMRD) takes place between Wednesday and Friday. The Minister of...... more

FG to make rice cheaper, sufficient before Christmas

FG to make rice cheaper, sufficient before Christmas The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity. The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated this in an interview with News Agency of Nigeria (NAN) in Makkah, Saudi Arabia. He stated that the Council was...... more

Banks rake in N27.5tn deposits amid threat by Fintechs

Banks rake in N27.5tn deposits amid threat by Fintechs Despite the surge in activities of financial technology (fintechs) companies in the country, which have started encroaching into banks’ businesses, the recently released nine months unaudited results of 13 banks listed on the Nigerian Stock Exchange (NSE) as of September 30, showed that the banks raked in a total of N27.576...... more

Farmers to purchase farming equipment at 50% discount ― Minister

Farmers to purchase farming equipment at 50% discount ― Minister The Minister of State for Agriculture and Rural Development, Mustapha Baba Shehuri, at the weekend, disclosed that farmers will soon purchase farming equipment at 50 per cent discount. Shehuri stated this while on a visit to Livestock House, Mando, Kaduna State, where he acknowledged commitment of farmers in the North-West zone...... more

ISOPADEC kicks off cassava buy-out programme

ISOPADEC kicks off cassava buy-out programme The Cassava Buy-Out Pilot Scheme of the Imo State Oil Producing Areas Development Commission (ISOPADEC) has begun in earnest. A release made in Owerri, Imo State, by the P.R.O of ISOPADEC, Mr. Ekeh Promise O., said the programme, which was kicked off midweek in Mgbirichi, and weekend in Umuagwo, both in...... more

What the proposed 7.5% increase in VAT portends

What the proposed 7.5% increase in VAT portends The proposed increase in the Value Added Tax (VAT) from five per cent to 7.5 per cent by the Federal Government and its resolve to commence implementation in 2020 after necessary consultations has been raising dust by many Nigerians. A lot of Nigerians complained that the planned increment would cause inflation...... more

Compel banks to drop interest rates, Donald Duke urges FG

Compel banks to drop interest rates, Donald Duke urges FG A former governor of Cross River, Mr Donald Duke, has called on Federal Government to compel banks to reduce interest rate to the barest minimum to make credit available and affordable for small businesses. Duke made the call at the 5th anniversary of Political Forum G50, with the theme: “Blueprint For...... more

Israeli Embassy resumes diplomatic operations in Nigeria

Israeli Embassy resumes diplomatic operations in Nigeria The Embassy of Israel in Nigeria on Friday re-opened after a two-day closure of all Israeli embassies and consulates because of strike by diplomats and military attaches over allownces. The News Agency of Nigeria (NAN) correspondent reports that the Israeli embassy shut down diplomatic operations in Abuja from Wednesday, Oct. 30...... more

Rice farmers want CBN to reschedule loan repayment plan

Rice farmers want CBN to reschedule loan repayment plan Rice Farmers Association of Nigeria (RIFAN), has appealed to Central Bank of Nigeria (CBN), to reschedule its loan repayment plan for rice farmers in Adamawa following recent flooding, which ravaged rice farms in the state. The state’s RIFAN Chairman, Mr Stephen Maduwa made the appeal in an interview with News Agency...... more

50 companies control $9.5b of Zimbabwe’s bank balances and it’s worrisome: RBZ

50 companies control $9.5b of Zimbabwe’s bank balances and it’s worrisome: RBZ The Reserve Bank of Zimbabwe (RBZ) is deeply worried that only 50 companies in the country own half of the $19 billion bank balances in the financial services sector, even as the country plans to introduce new $5 notes and $2 coins in two week’s time, in a prolonged battle to...... more

$107bn withdrawn from ECA in 15 years

$107bn withdrawn from ECA in 15 years According to fresh statistics from Nigeria’s civic tech organisation, BudgitNG, it has revealed that a total of $107 billion was withdrawn from Excess Crude Account (ECA) between 2004 and 2018. The statistics which were posted on the organisation’s official Twitter handle showed that the withdrawals were done between January 2004 and...... more

Dangote Refinery to start operating in early 2021

Dangote Refinery to start operating in early 2021 Nigeria’s Dangote refinery, which is being built privately by Africa’s richest man, is scheduled to be at full capacity in the middle of 2021. The refinery in Lagos will be ready for commissioning at the beginning of 2021, with full capacity reached by the end of the first half of the...... more

Fidelity Bank’s 9-month profits hit N23bn, on course to deliver on 2019 financial targets

Fidelity Bank’s 9-month profits hit N23bn, on course to deliver on 2019 financial targets Fidelity Bank Plc has posted an impressive financial performance for the third quarter of 2019 and is on course to finishing strong in the 2019 Financial Year (FY). Details of the nine-month results for the period ended September 30, 2019, released on Tuesday, at the Nigerian Stock Exchange (NSE) showed a...... more

 

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